March 18, 2023 archive. This post preserved forecasts and national household-finance comparisons used in a 2023 discussion. They are not current predictions, Telluride forecasts or a reason to assume a purchase will appreciate.
The graphic says its December-to-December values were forecast in Q4 2022: -1.61% for 2023, 1.90% for 2024, 3.57% for 2025, 4.25% for 2026 and 4.44% for 2027. These are national forecast figures, not observed annual results or property-specific projections.
The original also quoted CoreLogic economist Selma Hepp’s 2023 view that projected national peak-to-trough declines could top out at 3%. That was a period-specific forecast, not a current forecast or proof that any local market would follow the same path.
The original described Pulsenomics’ panel of more than 100 economists, investment strategists and housing analysts. A panel’s expectation remains a forecast, even when many specialists contribute.
The original highlighted a way to reduce exposure to future rent increases. Rents vary by market and lease, and ownership brings other costs and risks. Compare the actual alternatives rather than assuming every lease rises each year.
A standard fixed-rate mortgage can provide predictable principal-and-interest payments. Taxes, insurance, HOA dues and maintenance can change, so total housing cost is not locked. Ownership is not a guaranteed hedge against inflation.
The original $255,000 homeowner and $6,300 renter figures are 2019 Survey of Consumer Finances median net-worth comparisons, not averages, a causal estimate of owning a home, or current household figures. Federal Reserve 2019 SCF materials explain the survey. A fixed mortgage payment fixes principal and interest for its term, not taxes, insurance, HOA dues, repairs or maintenance.
For a purchase now, compare current financing, operating costs, property condition, HOA obligations and recent closed sales. Anne-Britt Ostlund’s original profile describes more than two decades working in the Telluride area, including luxury homes and vacation properties. For current property comparisons, contact Mountain Rose Realty.